Why Small Businesses Are Good for Local Economies?
Small businesses have long been seen as a boon to local economies, but why is that? Small businesses help boost a community’s broader economy in several concrete ways:
- Job Creation!
- Innovation!
- Opportunities for youth, veterans, retirees, and families from every background!
American small businesses create nearly two-thirds of American jobs and generate nearly half of the country’s economic output.
When a local community has a robust network of small businesses, it creates opportunities for other individuals in town as well, and this is how businesses and communities thrive together!
